Bank At Your Doorstep – Bank Of Bhutan Introduces ‘Banking On Wheels’

Email

Bank of Bhutan (BoB) introduced ‘banking on wheels’ on 3 Oct 2018. It travels to various areas in Thimphu on a fixed weekly schedule.

(Source: Kuensel)

  

By Staff reporter | Kuensel

With the Bank of Bhutan (BoB) introducing ‘banking on wheels’ on 3 Oct 2018, people can now have easy access to basic services such as bank accounts opening, loan applications, cash deposit/withdrawal, account balance enquiries and fund transfers among others without visiting a conventional bank.

 

Source: BoB.Bt

 

A press release from the BoB states that the service would be provided by a mobile van which travels to various areas in Thimphu on a fixed weekly schedule to provide banking services to the community in the particular area.

What the bank on wheels can do

“Banking on Wheels provides basic banking facilities from a mobile van equipped with computers and other equipment capable of providing banking services like any branch of the bank.”

BoB’s Chief Executive Officer, Pema N Nadik said that he is certain that the initiative would go a long way to increase convenience for customers by providing basic banking facilities at their doorstep, saving both time and money.

Source: BBS.Bt

 

“It would benefit everyone as they need not go to the bank for their daily basic banking transactions such as withdrawal or deposit of cash. The bank will come to them instead,” said Pema N Nadik.

The press release also stated that the bank officers manning the vehicle would also help clients by creating awareness on the bank’s products and services.

“Banking on wheels is a part of the financial inclusion initiative of the bank,” it states.

 

This article first appeared in Kuensel and has been edited for the Daily Bhutan.

 

 

 

 

 


Related Posts

Asian Development Bank: Bhutan Among Fastest Growing Economies In...

In 2018, Bhutan’s GDP is projected to grow by 7.1 percent, the second highest growth after India (7.3 percent).

Jul 10, 2018 18:48

REDD+ Project - US$ 4.8m Grant from World Bank

The World Bank granted USD 4.8 million to support the country’s efforts to reduce greenhouse gas emissions through the...

Feb 13, 2018 07:18

World Bank project to improve agriculture productivity and food...

The Royal Government of Bhutan (RGOB) and the World Bank this week launched the USD 8 million Food Security and...

Sep 29, 2017 11:49

Bhutan Participates In The Global Money Week 2018

The theme of the Global Money Week 2018 is “money matters matter”, which aims to inculcate the importance making smart...

Apr 15, 2018 16:15

Bhutan Observes International Day for Older Persons And Aims To...

Bhutan has committed to implementing The Madrid International Plan of Action on Ageing.

Oct 08, 2018 17:23

Meet Gomchen Wangchuk - Recognised By UNICEF As The Man Who...

Together with support from the Bhutanese government, Bhutan Salt Enterprises (BSE) contributed to IDD-elimination.

May 27, 2018 20:16

Latest

News

The Test of Loyalty & Commitment Among Bhutanese Employers in Tourism Industry

Amid the crisis we recognized few Bhutanese Tour Operators with generous and compassion souls because COVID-19 will have far-reaching...

Apr 03, 2020 14:33

Daughter Of U.S Covid-19 Patient Thanked Bhutan For Its Great Care And Prayers

The 76 year old American tourist left Bhutan for the US on March 13 for further medical treatment.

Mar 16, 2020 23:28

Features

Digital Content Creators and Its Relevance

Everything under the sun, you name it, can be discussed! And therefore, the relevance of BLOGGING in our everyday lives!

Apr 01, 2020 01:22

Gangkhar Puensum – World’s Highest Mountain Forbidden To Climbers

The Bhutanese also believe that the Gangkhar Puensum is home to the mythical Yeti and other legendary creatures.

Mar 23, 2020 23:28

Sports

Karma – Female Archer From Bhutan Qualified For Tokyo 2020 Olympic Quota

Karma has been specialising in Olympics-style archery since 2009.

Nov 30, 2019 13:18

Bhutan’s Pelden Wangchuk Wins 10th Edition Of Tour 0f Dragon Mountain Bike Race

This year, the race also saw the highest number of female participants compared to past years.

Sep 10, 2019 01:08

Business

Celebrating Bhutan’s Entrepreneurs: Namkhar Gyaltshen Of Transcend Artisan

This story is part of an exclusive feature by Yeewong Magazine in Dec 2018 on celebrating entrepreneurship in Bhutan.

Mar 06, 2020 11:48

Centre Of Excellence For Software Engineering Launched By Bhutan’s Thimphu Techpark

The purpose of establishing this centre is to fulfil His Majesty the King’s vision of using technology to solve problems.

Feb 24, 2020 23:58

Travel

Bumthang The Switzerland of Bhutan Beyond Itineraries

Bumthang in Bhutan is the most historic dzongkhag if we consider the number of ancient temples and sacred sites. Being a combination of four...

Mar 28, 2020 11:59

Thimphu Urbanites Hits The Hiking Trail Than Ever Before.

One of the best and easy walk around Thimphu is the three-to four-hours round trip from Dochu La to Lungchuzekha Goemba. It affords...

Mar 26, 2020 11:40

Lifestyle

Food on Wheels- First of its kind in Bhutan

The World's Largest Fast Food Restaurant Chains doesn't exist in Bhutan.

Mar 04, 2020 09:39

Amazing Stories from the Eastern Part of Bhutan

You can't say you have visited the eastern part of Bhutan unless you have experienced the following bizarre things.

Mar 02, 2020 19:02

Subscribe to our newsletter

Never miss out on new happenings and news stories!

Download Daily Bhutan Mobile App

Connecting with us just got easier!